MSD

Morgan Stanley Emerging Markets Debt Fund (MSD) declares $0.105/share quarterly dividend, -4.5% decrease from prior dividend of $0.110.Forward yield 4.62%Payable Jan. 15; for shareholders of record Dec. 18; ex-div Dec.

Each of the Morgan Stanley closed-end funds listed below (the "Funds") today declared the following dividends.

Each of the Morgan Stanley closed-end funds listed below (the "Funds") today declared the following dividends.

The transition to a greener economy is evident, and the rise of ESG as an important framework to analyze material non-financial factors has proven its worth.Increasing tensions between China and the U.S. may lead to further regionalization of the world.All in, while the COVID-19 pandemic has certainly tested the EM corporate asset class, issuers in our universe have performed well and the asset class has shown maturity and resilience.

22 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week.Markets rebound, led by commodities.MLPs are the highest-yielding CEF sector.

Despite a growing economic and technological decoupling between China and the West, the financial divide is actually shrinking.China's bond market - now the second largest in the world - has seen increased foreign participation, especially in its government bond market, where foreign ownership now exceeds 9%, up from a negligible level just a few years ago.The unknowns of the post-COVID-19 landscape demand greater attention to portfolio construction, and investors may wish to consider alternative paths to a more efficient portfolio and a diversified stream of returns.

I like to go over closed-end funds and look for attractive discounts to net asset value.Other factors I weigh are portfolio, the manager, leverage and the distributions.It gets most interesting if there's a potential catalyst to narrow down a substantial discount to net asset value.